River accelerator funds 13 VR startups

Fove, which makes an eye-tracking VR headset, was among those selected. (Image courtesy Fove, Inc.)

The initial batch of companies in what could be the first virtual reality accelerator have been announced.

Among the projects selected by Rothenberg Ventures’ River are a system that creates 360-degree VR imagery, a headset that uses eye-tracking to build immersive experiences, and an embedded-in-VR journalism project.

Each company got $100,000, office space and regular advice and help from a team of expert mentors that includes Philip Rosedale, the founder of Linden Lab and High Fidelity.

Maria Korolov is editor and publisher of Hypergrid Business. She has been a journalist for more than twenty years and has worked for the Chicago Tribune, Reuters, and Computerworld and has reported from over a dozen countries, including Russia and China.